Eastside Distilling, Inc. (NASDAQ:EAST) ("Eastside"), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits, digital can printing, co-packing and mobile filling, announced today the pricing of a registered direct offering for the sale and issuance of 442,042 shares of the Company's common stock (or pre-funded warrants in lieu thereof) to a single institutional investor at a unit purchase price of $1.00.
The transactions are expected to close on or about September 6, 2024, subject to the satisfaction of customary closing conditions.
Joseph Gunnar & Co., LLC is acting as the exclusive placement agent for the offering.